MobiKwik appoints Navdeep Singh Suri as Board Chair

One MobiKwik Systems Ltd. (MobiKwik) (NSE: MOBIKWIK / BSE: 544305), India's largest digital wallet, today announced the appointment of Mr. Navdeep Singh Suri as Chairperson of its Board. Mr. Suri has been associated with the Company since 2021 as an Independent Director.

His appointment aligns with best practices of corporate governance, ensuring that the Chairperson's role remains distinct from executive management. This separation is crucial for maintaining independent oversight and effective decision-making. It further reinforces the Company's commitment to long-term value creation and sustained investor confidence.

Mr. Suri brings with him decades of distinguished leadership experience across public policy, diplomacy, governance, and institutional decision-making. A former senior Indian diplomat, he joined the Indian Foreign Service in 1983 and has served in key international assignments including Cairo, Damascus, Washington DC, Dar es Salaam, London, and Johannesburg. He has held high-profile roles as India's Ambassador to Egypt and the United Arab Emirates, High Commissioner to Australia, and Consul General in Johannesburg. In recognition of his contributions, he was conferred the Order of Zayed II - the United Arab Emirates' second-highest civilian honour - by the President of the UAE.

Mr. Suri has also led the West Africa and Public Diplomacy divisions at the Ministry of External Affairs and is currently a Visiting Fellow at the Observer Research Foundation, New Delhi. He also serves on the boards of several prominent institutions, including SBI Funds International (IFSC) Limited, Hindustan Ports Private Limited, and Hindustan Infralog Private Limited.

Commenting on the appointment, Mr Bipin Preet Singh, MD, CEO and Co-Founder, MobiKwik, said, "We welcome Mr. Navdeep Singh Suri as Chairperson of the Board. His long association with MobiKwik and experience as an Independent Director will support the Board's role in effective oversight and governance."

Mr. Suri succeeds Ms. Upasana Taku, Executive Director, CFO and Co-Founder of the Company as the Board Chair. This transition reinforces MobiKwik's commitment towards robust governance, long-term value creation, and building a resilient institution as it continues its journey of scale, innovation, and trust.

Shares of One Mobikwik Systems Limited was last trading in BSE at Rs. 231.50 as compared to the previous close of Rs. 235.80. The total number of shares traded during the day was 37010 in over 678 trades.

The stock hit an intraday high of Rs. 239.30 and intraday low of 230.30. The net turnover during the day was Rs. 8671541.00.

Source : Equity Bulls

Keywords

OneMobikwikSystems INE0HLU01028 Fintech Appointment Chairperson